Magic Eden Expands Into Ethereum NFTs

Magic Eden Expands Into Ethereum NFTs

Popular Solana-based NFT platform Magic Eden is expanding into Ethereum-based NFTs, according to a recent video announcement the team posted on Twitter.

"Now, we are bringing you two amazing communities," the video says. "Browse NFTs across ETH and SOL, buy SOL NFTs with ETH, buy ETH NFTs with SOL, [and] purchase with credit cards."

Magic Eden is also preparing an Ethereum NFT launchpad and cross chain drops.

Nearly 24 hours ago, Magic Eden announced that it was expanding, but did not say how. Then, Magic Eden made an announcement of an announcement last night, tweeting, "gn, tom'rrow big news shall cometh."

The italicized "eth" was an indication that the platform will expand into Ethereum-based NFTs.

Earlier today, the NFT platform teased that the big announcement was that today is Nate River's birthday.

Then, Magic Eden posted an encrypted message that reads: Magic Eden is HXPB-NGDNC TO ETJERHUL. Decrypted, Twitters users seemed certain (rightfully so) this translates to "EXPANDING TO ETHEREUM."

Magic Eden is the biggest NFT marketplace on Solana with more than 30,000 daily active users and more than $200 million in total volume traded across nearly 13 million transactions in the last 30 days.

In comparison, OpenSea has slightly more than 4,000 daily active users for Solana-based NFTs and more than $2 million in total volume traded in the last 30 days.

OpenSea has more than 23,000 daily active users for Ethereum-based NFTs and more than $450 million in total volume traded across nearly 2 million transactions in the last 30 days.

The NFT marketplace wars get a lot more exciting now that Magic Eden is making its way into the Ethereum NFT space.

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